Costain order book surges
Published:  26 June, 2009

LONDON: Costain reports a 20% rise in its forward order book to £2.4bn on the back of a string of public sector contract wins.

In a trading update, the Maidenhead-based company said that it had won several major public sector orders since the beginning of the year.

A spokesman said: "Public sector work accounts for about 80 per cent of the company's revenue. The group continues to benefit from its strategic focus on targeted blue chip customers in chosen sectors."

The contracts include: £397m contract with the Greater Manchester Waste Disposal Authority, £400m contract with Severn Trent Water, and £200m joint venture road maintenance contract for the Highways Agency.

This week, Costain reached financial close on a school PFI contract in Lewisham, south London. The company has over £900m of work secured for 2009. It has also reached preferred bidder status on further contracts worth £800m.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.